Ghana: Market for Iron Or Steel Solid Fuel Domestic Appliances 2025

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in Ghana

The Ghanian metal solid fuel appliances market shrank dramatically to $X in 2022, declining by -23.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a mild setback. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports from Ghana

In 2022, the amount of iron or steel solid fuel domestic appliances exported from Ghana soared to X units, growing by 33% on the year before. In general, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 700%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal solid fuel appliances exports skyrocketed to $X in 2022. Overall, exports, however, saw a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 1,330%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X units), South Africa (X units) and France (X units) were the main destinations of metal solid fuel appliances exports from Ghana, with a combined 75% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for iron or steel solid fuel domestic appliances exports from Ghana, comprising 48% of total exports. The second position in the ranking was taken by South Africa ($X), with a 3.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-23.6% per year) and Cote d'Ivoire (-42.8% per year).

Export Prices by Country

The average metal solid fuel appliances export price stood at $X per unit in 2022, with an increase of 167% against the previous year. Overall, the export price, however, showed a abrupt downturn. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (-4.4%), while the prices for the other major destinations experienced a decline.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports into Ghana

In 2022, approx. X units of iron or steel solid fuel domestic appliances were imported into Ghana; waning by -23.4% on the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 2,144%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, metal solid fuel appliances imports fell notably to $X in 2022. In general, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2019 with an increase of 383% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa (X units), China (X units) and Spain (X units) were the main suppliers of metal solid fuel appliances imports to Ghana, together comprising 18% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +17.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of iron or steel solid fuel domestic appliances to Ghana, comprising 69% of total imports. The second position in the ranking was held by South Africa ($X), with a 9.6% share of total imports. It was followed by the UK, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+5.9% per year) and the UK (-6.9% per year).

Import Prices by Country

In 2022, the average metal solid fuel appliances import price amounted to $X per unit, increasing by 10% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by 277% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+34.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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